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Sailfish Closes Its Previously Announced Transaction to Acquire the Permitted Mt. Hamilton Gold-Silver Project in Nevada and Enters into Definitive Agreement for the Acquisition of a Five-Year Gold Stream and Subsequent 2% NSR
Tortola, British Virgin Islands--(Newsfile Corp. - November 26, 2025) - Sailfish Royalty Corp. (T...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"Sailfish Closes Its Previously Announced Transaction to Acquire the Permitted Mt. Hamilton Gold-Silver Project in Nevada and Enters into Definitive Agreement for the Acquisition of a Five-Year Gold Stream and Subsequent 2% NSRTortola, British Virgin Islands--(Newsfile Corp. - November 26, 2025) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQB: SROYF) (the \"Company\" or \"Sailfish\") is pleased to announce that, further to its news release dated September 29, 2025, the Company has entered into a definitive agreement dated November 26, 2025 (the \"Mako Agreement\") with Mako Mining Corp. (\"Mako\") and Mako US Corp. (\"Mako US\"), an affiliate of Mako, to acquire a five-year gold stream (the \"Stream\") and a subsequent 2% NSR royalty (the \"NSR\") on the permitted Mt. Hamilton Gold-Silver Project located in White Pine County, Nevada, USA (the \"Property\"). The Company is also pleased to announce that, to facilitate the above transaction (the \"Mako Transaction\"), the Company has acquired the outstanding membership interests of Mt. Hamilton LLC (the \"Company Interests\"), which owns the Property, from a third party pursuant to a purchase agreement dated September 27, 2025 (the \"Purchase Agreement\") as further described in the Company's news release dated September 29, 2025 (the \"Acquisition\"). Gold Stream and 2% Net Smelter RoyaltyUpon transferring the registered legal ownership of the Company Interests to Mako US, pursuant to the terms of the Stream the Company will receive: (i) a monthly delivery of gold from Mako for a period of 60 months, whereby Sailfish will purchase from Mako approximately 341.7 troy ounces of gold at a price equal to 20% of the London Bullion Market Association PM Fix price, but in any event not less than US$2,700 per ounce of gold and not more than US$3,700 per ounce of gold and, (ii) upon completion of the 60 month Stream, a 2% NSR royalty on all mineral production with respect to the Property for the life of the mine pursuant to the terms of the NSR. The Stream is secured against all present and after-acquired property of Mako and is guaranteed by Mt. Hamilton LLC. The closing of the Mako Transaction is subject to customary closing conditions, including acceptance of the TSX Venture Exchange (the \"TSXV\"), approval of the Company's shareholders and approval of Mako's shareholders.Mount Hamilton Ope...